OneMain Reports 6% Receivables Growth, $1.93 EPS and $1.05 Dividend
OMF•OneMain Holdings posted 1Q 2026 net income of $226 million and pretax income of $296 million, with diluted EPS rising to $1.93 from $1.78 year-over-year. Managed receivables grew 6% to $26.1 billion, and the company declared a $1.05 quarterly dividend while repurchasing $105 million of shares.
1. Quarterly Financial Highlights
OneMain achieved pretax income of $296 million and net income of $226 million in the first quarter of 2026, up from $275 million and $213 million a year earlier. Diluted EPS rose to $1.93, and total revenue increased 6% to $1.6 billion driven by receivables growth.
2. Dividend and Share Repurchase
The company declared a quarterly dividend of $1.05 per share, payable on May 15 to record holders as of May 11, 2026. During the quarter, OneMain repurchased approximately 1.9 million common shares for $105 million, reflecting continued capital return to shareholders.
3. Segment Performance Details
In the Consumer and Insurance segment, adjusted pretax income increased to $305 million and adjusted EPS rose to $1.95, up from $275 million and $1.72 year-over-year. Managed receivables reached $26.1 billion—up 6%—while consumer loan originations totaled $3.1 billion and capital generation remained stable at $194 million.
4. Funding and Liquidity Position
Outstanding debt stood at $22.7 billion, 51% of which was secured, and cash and cash equivalents totaled $834 million. Available liquidity includes $1.1 billion undrawn on the corporate revolver, $6.4 billion under conduit facilities, and $11.4 billion of unencumbered receivables.
